There will be more Cominars: Groupe Mach pres.

RENX  Commercial  •  Office, Retail  •  Quebec City, Quebec, Greater Montreal, Ottawa

Several real estate investment trusts will follow Cominar REIT’s path and will fall apart in the next two years, Groupe Mach president Vincent Chiara predicts. “I expect to see more Cominar stories,” he told RENX.

Cambridge votes against Broccolini warehouse

Commercial  •  CBC  •  CBC  •  CTV

Cambridge councillors have voted against two motions that would have allowed construction of a 1.1-million-square-foot warehouse by Broccolini Real Estate Group. Cambridge city council had approved the ministerial zoning order for the project in April 2021.

New Microsoft facility proposed for Etobicoke

Commercial  •  Daily Commercial News  •  BlogTO

An application has been submitted for Microsoft (MSFT-Q) to build a communications technological facility in Etobicoke. The WZMH Architects-designed complex at 48 Lowe’s Place near Highway 401 would include a two-storey building with a one-storey office administration-support component and surface parking.

The Industrial Real Estate Show › Podcast: Buying vs. leasing commercial and industrial real estate

Chad Griffiths: Partner, NAI Commercial

T.O. council approves Reserve’s 12-storey mixed-use

Residential, Commercial  •  Urban Toronto

Toronto city council has approved Reserve Properties‘ revised 12-storey mixed-use condominium building at 2128 Yonge St. The IBI Group-designed building would include 80 residential units in a mix of 10 studios (12%), 42 one-bedrooms (53%), 16 two-bedrooms (20%) and 12 three-bedrooms (15%), plus 2,379 square feet of commercial space.

Westbank’s Deloitte Summit tower complete

Commercial  •  Daily Hive

Northeastern University has become the first tenant to move into Westbank‘s 355,000-square-foot Deloitte Summit tower at 410 West Georgia St. in downtown Vancouver. Westbank also said the tower is substantially leased.

Sponsored by Yardi Real estate ’22: Understanding tech’s rich data capabilities

Technology is transforming the real estate value chain. Canadian real estate professionals prioritizing advanced software solutions to help meet tenant needs and mitigate risk while adding efficiency across business operations.

BTB REIT bullish on Ottawa industrial sector

Commercial  •  Ottawa Business Journal

Montreal-based BTB Real Estate Investment Trust (BTB-UN-T) recently acquired its second industrial property in Ottawa and is looking for more warehouse and commercial space. “It’s definitely something that we’re after,” president Michel Léonard said. “They’re few and far between.”

Québec investing $142.5B in infrastructure

Commercial  •  Canada Newswire

The 2022-’32 Québec Infrastructure Plan (QIP), set at $142.5 billion, represents a $7.5-billion increase over the previous plan. This increase will allow implementation of numerous infrastructure projects in the high-priority sectors of health, education and transportation.

Inflation a real threat to Canadian construction

Residential, Commercial  •  Daily Commercial News

OP-ED: All parties in a construction project – contractors, owners and procurement agencies – must take a more realistic look at inflation and come to terms that equitably allocate the risk of rising prices without putting undue pressure on one party.

Latest Sustainable Biz Canada headlines

Residential, Commercial  • 

Canada launches call for industrial net-zero projects
Participation doubles in Building Benchmark BC in 2021
Lion Electric unveils zero-emission trucks at event

REIT fourth-quarter/year-end financial results

Residential, Commercial  • 

Automotive Properties REIT, (APR-UN-T), Canada Newswire
Canadian Net REIT, (NET-UN-X), Globe Newswire
Inovalis REIT, (INO-UN-T), Business Wire
PROREIT, (PRV-UN-T), Canada Newswire

Landmark, ADIA JV targets $1B in U.S. student housing

Residential  •  PR Newswire

Landmark Properties has formed a joint venture with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) initially targeting $1 billion for investments. The JV will focus on acquiring and operating value-add student housing properties in U.S targeted markets.

Related bets on Miami with office tower

Commercial  •  Bloomberg

Related Cos., the developer behind Manhattan’s Hudson Yards project, is making its first foray into the Miami office market. Related is working with Hong Kong-based Swire Properties to develop a tower in Brickell, a key commercial district in Miami.

REIT conversions are back in fashion

Residential, Commercial  •  Bisnow

It takes bravery for a property company to launch itself as a REIT in today’s volatile stock market. But with equity markets making back gains after a difficult three weeks, clearly not enough to deter one Anglo-German business.

Buyout boom drives record European CRE sales

Commercial  •  Bloomberg  •  Design Build Network

Businesses sold a record $40 billion Cdn in European CRE in 2021, according to Jones Lang LaSalle. The 670 buildings sold included the warehouse portfolio of U.K. grocery chain Asda following its acquisition by private equity firm TDR Capital.

Trudeau’s power pact targets housing prices, REITs

Residential  •  Regina Leader-Post

Prime Minister Justin Trudeau’s power-sharing deal with an opposition party promises to tackle the soaring cost of housing in Canada and may target REITs such as Canadian Apartment Properties, Minto Apartment, InterRent and Boardwalk.

B.C. building too few affordable homes: Report

Residential  •  Globe and Mail  •  CTV  •  Western Investor

A Union of B.C. Municipalities report says the data shows enough homes are being built to meet the province’s growing population, but the numbers of affordable houses and rental properties are lacking.

Toronto’s housing market cools in March

Residential  •  Globe and Mail (Sub. required)  •  Toronto Star

The Toronto-area real estate market is cooling in March after a torrid start to the year. Fresh listings have soothed the “fear of missing out” that permeated the market in January.

Rate hikes could ‘topple’ housing market: Capital Economics

Residential  •  Bloomberg

Capital Economics‘ senior Canada economist Stephen Brown says the 2.5 per cent benchmark rate markets are now pricing in for 2023 would likely not only slam the brakes on Canadian home price appreciation, but could put it in reverse.